FBS eliminates the “Stop Level”

FBS has just made another improvements on the trading conditions today.

This time, FBS has gotten rid of all Stop Levels for Forex Pairs and Metals.

As you may already know, there has been “Stop Levels” for each symbol on MT4 and MT5 as below, but now all numbers will be set to 0.

The new condition will make traders more comfortable while setting up Take Profit and Stop Loss parameters.

Starting from today, you or your robot can make pending orders effortlessly.

Deposit and trade with 1:3000 high leverage with FBS.

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FBS accepts any Trading Strategies

Trading styles range from ultra short-term scalping trades to long-term position trades.

Most of us have heard the word “day trade”.

As the name implies, day trading is a trading style that completes trading within a day.

There are mainly 4 types of FX trading styles, so let’s decide according to your lifestyle and personality.

It’s interesting, and when you actually do a costly transaction, your personality will come out clearly.

There are a variety of people such as those who are anxious about a little profit or loss, those who do not move with a slight price movement and sit down slowly, and those who can respond flexibly to the situation on the spot.

In that sense, trading is a good opportunity to review your personality.

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4 Main Trading Strategies

There are 4 main types of trading styles in the Forex market.

1. Scalping trade
2. Day trade
3. Swing trade
4. Position trade

The best trading style is one that suits your personality and life rhythm, so finding a trading style that suits you seems to be the fastest way to succeed in FX trading.

FBS accepts any trading strategies on its trading platforms, so feel free to perform your trading strategy as you want.

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1. Scalping trade

Frequent trades are aimed at a price range of just a few denominations.

Some scalping traders do not hold a position for more than 1 minute, and if even one cent is negative, it cuts the loss, and on the contrary, if one cent is positive, they can close the position to make a profit.

It seems that the world where fast-moving work, which is just blinking, Scalping trade really matters.

Scalping trade is not suitable in a market where price movements are strong, because one loss will be large, but it is suitable to aim for a slight margin at the time of calm price movements and make a small profit loss trade.

Normally a person with a decisive and positive personality who is willing to lose and does not trail after loss is suitable.

In scalping trade, there is no big difference between loss and profit, so it can be said that it is important to learn the habit of price movements for each currency pair and trading in small time zone and increase the winning rate.

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2. Day trading

Day trading refers to the style of completing trades in one day, but the misunderstanding of traders is that day trading is the typical type of trading style.

In case of Day trading, trading time varies from person to person, but the point is to always make a payment before going to bed.

And today, the most popular trading style among FX traders seems to be day trading.

There are many traders who apply day trading strategies and place orders in a short time such as commuting time or lunch break.

The point is to determine the flow of the day, but most people are aiming for a price movement of several tens of cents to 1 cent if it is a EUR/USD.

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3. Swing trading

Swing trading is a trade that aims at one big wave of price movement (swing).

Swing trading is often described as trading for a few days to a week, but it is wrong and it means to aim for a certain large price movement.

It seems that it was misunderstood because the price movements tend to stabilize within a week.

Importantly, you need the ability to read the market economy in anticipation of a certain period of time.

Basically, Swing trading is to stick to price movements (in case of upward trend, enter from buying), and the point is to increase profits without going against market price movements.

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4. Position trading

Position trading is a trading style in which you read the flow of a very long period and follow the market flow of several weeks to several months.

In some cases, traders hold positions for several years.

Pension funds and institutional investors who handle huge amounts of money often take this position trading tyle.

It is important to read the flow of monetary policy and economic conditions in each country, which is called the fundamentals analysis for Position trading.

This style is effective when aiming for a large market movements.

If you can identify the turning point of the market once in several years, you can make a big profit with one trade.

In addition, because you own a currency for a long period of time, if you buy a high interest rate currency such as the Australian dollar and sell a low interest rate currency such as the yen, you can also earn interest income every day, further increasing profits.

If you have a high interest rate currency like the New Zealand dollar, which started raising rates in 2014, you can get both foreign exchange gains and interest income in a few months.

It is important to match the market price at that time, but let’s try trading for the first time with FBS and look for a stress-free trading style that suits your accuracy and lifestyle.